Iran scraps Trump peace talks over Israeli strikes on Lebanon, sending markets lower

U.S.-Iran talks were called off after Israeli strikes on Lebanon, and JD Vance canceled his Switzerland trip. Brent fell to $79.49, while WTI slipped to $76.36 as peace hopes weakened. Iran allowed tankers carrying more than 12 million barrels through Hormuz without firing on ships. Asian markets were mixed, OPEC stayed bullish on oil demand,...